CIBC Provides $147.2M Construction Loan For Development Site In Chicago | 1200 West Roosevelt Road | Canadian Imperial Bank of Commerce | Development Site | Loan

Summary

Loan

ILLINOIS

Development Site

The development site located at 1200 West Roosevelt Road in Chicago has recently secured a construction loan. The loan, provided by CIBC and BMO Harris, is worth $147,150,000. This financing will support the development of the property.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $147,150,000
Lender: CIBC - Shawn Beber; BMO Harris
Loan Type: Construction Loan
Market: Chicago
Date: 01/23/2023

The construction loan was facilitated by Shawn Beber, representing CIBC. Alongside CIBC, BMO Harris also participated in the loan. This financing will provide the necessary funds for the development of the property located at 1200 West Roosevelt Road in Chicago.

Players

All
1

Lenders
1

Canadian Imperial Bank of Commerce

Details

Deal Summary

FINANCED

IMAGE: Shawn Beber DATE: 01/23/2023 ADDRESS: 1200 West Roosevelt Road MARKET: Chicago ASSET TYPE: Development Site LENDER: CIBC (@CIBC) - Shawn Beber; BMO Harris LOAN AMOUNT: $147,150,000 LOAN TYPE: Construction Loan

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Address1200 West Roosevelt Road

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